Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

TSX:CVE - Post by User

Cenovus Energy Inc > Spoken like an employee or CEO of a oil company.

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Comment by TopStockBuyon Jun 18, 2021 1:08pm

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Post# 33411860

RE:Spoken like an employee or CEO of a oil company.

Plenty of oil companies had hedges before oil tanked and their stocks didn't perform any better. They still got clobbered like baby seals.

Demand for oil is increasing...there is no need for a hedge at $70. You're like one of those investors that is down 80% on a stock and as soon as it recovers and breaks even, sells only to watch the stock double or tripple from there. $70 is just the beginning for oil, no where near where it will be trading 12 months from now.

Relax and have no fear. The train hasn't left the station yet.

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